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Follow on Google News | Italy Property Sales Picking Up as Brits Start Buying AgainSales of Italian property -- like property in most, if not all of Europe's established markets -- have started to pick-up in the past couple of weeks, according to overseas property portal Property Abroad.com.
By: Les Calvert "This is having the biggest effect in established markets where properties have already seen considerable real price falls, and the currency benefit to British buyers makes them a real bargain; made too good to miss by the now almost 15% instant equity they hold." The portal thinks this trend will continue for some time, as it believes Sterling's upward trend against the Euro will continue, and will not level off for quite some time. Les said: "Sterling has been growing against the Euro for a couple of months, ever since there were the first indications that the decline in the UK economy was starting to slow, and economists began to feel more confident that they could anticipate the extent of the UK recession. Meanwhile the Euro-zone is vast and encompasses many countries, many of which had been expected to avoid recession but are having their forecasts continually re-adjusted as they slide into recessions. Thus it is a lot harder to forecast exactly when the Eurozone will come out of recession. So, Italian properties will continue to get cheaper and cheaper to British buyers, who will continue to snap them up." Property Abroad.com is currently advertising Italy property for sale, from fixer-uppers at under £10k to a complex of 52 apartments at £19million and everything in between. About Property Abroad Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net. To find out more contact Les Calvert or the team at: info@property- Property Abroad LTD 182 York Road Hartlepool TS26 9EA www.property- # # # Overseas property portal with more than 70,000 properties for sale direct from agents, developers and private sellers across the world. Buyers guides, maps, country guides, articles and useful information on buying a property abroad. End
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